Colonial Pipeline network problems strand barrels on the USGC, prices sink

“Colonial Pipeline is experiencing network issues impacting the operation of the Colonial Pipeline system.

US Gulf Coast CBOB was heard last done at NYMEX June RBOB futures minus 14.50 cents/gal, 25 points below the last close, for deliveries on Cycle 29.

The front-month RBOB crack against ICE Brent was trading around $20.94/b heading toward the close, up from $20.49/b May 6.

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